Talked to someone on Thursday. ( please guys this is not a truckdriver, nor did I hear it on the CB or in the breakroom ) In roughly 14 days from this past Thursday CS will float a new plan. This man told me if you think people were upset with this rejected one he said they'll "be howling" when they see this one. The Treasury wants the new plans based on 6.25% interest, not 7.5 to 8.5. Before you accuse me of being a bullshitter this individual also heads a another fund so this is fact not BS. The clock now resets at another 225 days for the application process. He told me that they are bothered by the fact that the Treasury is forcing their hand as to where their investments have to be allocated ( or rather the investments must be much more coservative. ) While historically this fund has averaged pretty close to 8% (excluding the recession) he objects to the Treasury now telling them to be conservative. They also now (not just CS) have to rework the numbers for bigger cuts seeing they are forced to working with a 6.25% return. The problems some of the fund managers across the nation are having with the rejection is not that it was rejected but that through the ongoing process with CS the Treasury didn't work with CS so that the final application was accepted. By rejecting it with little guidance now all the funds working on applications have to go back and start over again. -----Bigger cuts-----. He says there is one thing to hope for when these bigger cuts are presented - that all the politicians that were quick to jump on board and say to reject the CS cuts had better come to the table and start talking about new funding and revenue sources other than just offering lip service.